The events preceding Goldman Sachs' new "blowout profits" - Glenn Greenwald - Salon.com

The events preceding Goldman Sachs' new "blowout profits" - Glenn Greenwald - Salon.com: "...excerpted paragraph from Simon Johnson describing how, in his experience, fundamentally corrupt emerging-market nations respond to financial crises ('at the outset of the crisis, the oligarchs are usually among the first to get extra help from the government. . . . Under duress, generosity toward old friends takes many innovative forms. Meanwhile, needing to squeeze someone, most emerging-market governments look first to ordinary working folk -- at least until the riots grow too large'). That 'until' provision never seems to be triggered, which is why, as Johnson points out, the behavior continues unabated."